Business value – Putting a value on your business
There are a few methods used to determine the physical value of your business. Some of the most used ones are:
- Net assets
- Earnings based
- Rule of thumb
Whilst it may be useful to understand the historical value of your business, potential or future value may be more relevant. You need to understand your business' drivers, existing and future, and create an action plan to develop it to its full potential.
